Nelson Street, Ayrshire KA30 1 bed flat for sale

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Nelson Street, Ayrshire KA30 1 bed flat for sale

Nelson Street, Ayrshire KA30
£25,000

Our Summary

  • studio rates in area from £65/night (subject to planning)
  • It is sure to appeal to shrewd builders, investors, or developers looking for a rare project with remarkable capital growth potential
  • This property is offered at a fantastic price to ensure an Auction sale
  • The property will feature in our upcoming timed online auction
  • To participate in the live auction, you must have a bidding account created

Description

This prime new listing is a vacant studio flat located in a desirable area of Largs, Ayrshire. The property, situated at 70a Seamore Street, KA30 9AW, offers a rare opportunity for serviced accommodation, with rates for similar properties in the area starting from around £65 per night (subject to gaining necessary planning consents). With a potential occupancy rate of 70%, the property could generate £1,320 PCM (£15,841 P/A), resulting in an impressive 63.3% gross yield if secured at the guide price. The property is in need of refurbishment, presenting a potential BRRR (Buy, Refurbish, Rent, Refinance) opportunity for shrewd builders, investors, or developers. Located near local amenities, schools, and public transport, this property is being offered at a fantastic discount to ensure a sale. With excellent sales evidence in the area, this lot is open to immediate offers and will feature in an upcoming timed online auction.